ZOES - Long at the break of 426.13, buy $25 March Calls ZOES also building fallen angel type of formation. It crossed above EMA lines & moneyflow is accumulating. If it can break support at 26.13 it can easily hit 30+
To trade this we would consider $25 March Calls @ 2.70
You can check our detailed analysis on ZOES in the trading room/ Executive summary link here-
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Time Span: 4:45"
Trade Status: Pending
ZOES
Another Zoes bottom in September?Zoes Kitchen has temporarily bottomed in September and made a nice run through October in 2014 and 2015. After getting decimated from earnings a couple of weeks ago, I believe it is gearing up for a three-peat.
We're just under that nice 26 support area with 24 also in focus. The daily RSI is currently at an extreme (under 20), so I see limited downside from here (currently 25.55).
If we can convincingly break over 27 (minor support over the last 2 weeks that finally broke and will most likely become resistance) we should have a nice run to 30 (a nice psychological level that provided previous support/resistance).
